Downtown Manhattan Inc
- Assets
- $47.1k
- Revenue
- $233.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Manhattan, KS
- Founding
- 08/1969
- Data as of
- 12/2022
- EIN
- 48-0699074
Organization Overview
Downtown Manhattan Inc is located in Manhattan, KS. The organization was established in 1969. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. As of 12/2022, Downtown Manhattan Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Manhattan Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Downtown Manhattan Inc generated $233.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $236.7k during the year ending 12/2022. While expenses have increased by 8.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN MANHATTAN, INC. IS A NOT-FOR PROFIT COMMUNITY VOLUNTEER ORGANIZATION WORKING IN THE AREAS OF ECONOMIC DEVELOPMENT, STREET DESIGN, RETAIL AND BUSINESS RECRUITMENT AND MARKETING AND PROMOTION. IT IS OUR MISSION TO INCREASE CONSUMER AWARENESS; TO STRENGTHEN RETAIL AND PROFESSIONAL BUSINESS INSTITUTIONS; TO INCREASE THE ECONOMIC VITALITY OF THE CITY'S CENTER AND TO PROMOTE AND ATTRACT NEW BUSINESSES TO THE DOWNTOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNTOWN MANHATTAN, INC HAS LONG WORKED TO CREATE AND GROW A HEALTHY ECONOMIC CITY CENTER ON MULTIPLE FRONTS. OUR MAIN AREAS OF FOCUS ARE ADVOCATING, BEAUTIFYING AND REVITALIZING. THE STAFF AND BOARD OF DIRECTORS ADVOCATE FOR ORDINANCES AND INITIATIVES THAT SUPPORT AND BOLSTER OUR SMALL BUSINESS COMMUNITY. WE WORK WITH LOCAL AND STATE OFFICIALS TO ENACT OR REVISE LEGISLATION THAT SUPPORTS SMALL BUSINESSES AND THEIR SPECIAL NEEDS. WE CREATE PROGRAMMING AND EVENTS THAT BRING PATRONS AND VISITORS TO THE DISTRICT AND IN DOING SO, GENERATES SALES TAX REVENUE. DOWNTOWN MANHATTAN, INC STAFF ARE RESPONSIBLE FOR THE CARE AND KEEPING OF THE DISTRICT AND IT IS PART OF OUR MISSION ALONG WITH THE CITY OF MANHATTAN TO ENSURE THAT OUR PUBLIC SPACES ARE CLEAN, BEAUTIFUL AND AS SAFE AS POSSIBLE. WE WORK TO ACHIEVE AN APPEALING AESTHETIC IN EVERY SEASON WITH OUR FLAG/BANNER PROGRAM, FLOWER BASKETS, HOLIDAY LIGHTING AND EVENT PROPS AND DECOR. THE DMI BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR ADVOCATE FOR THE REVITALIZATION AND REPURPOSING OF TIRED AND WORN BUILDINGS AND SPACES. WE ARE ALSO MINDFUL AND DILIGENT ABOUT PROTECTING AND PRESERVING OUR HISTORY AND ARE PROUD OF OUR NATIONAL REGISTRY OF HISTORIC PLACES LISTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regina Snyder Executive Director | Officer | 40 | $63,076 |
Dan Crouch President | OfficerTrustee | 0.5 | $0 |
Jocelyn Guilfoyle Treasurer | OfficerTrustee | 0.5 | $0 |
Kate Narrow Vice President | OfficerTrustee | 0.5 | $0 |
Ben Burton Board Member | Trustee | 0.5 | $0 |
Jake Voegeli Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,116 |
| Related organizations | $0 |
| Government grants | $83,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,116 |
| Total Program Service Revenue | $111,932 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,185 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $233,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,684 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,693 |
| Payroll taxes | $9,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,187 |
| Information technology | $6,025 |
| Royalties | $0 |
| Occupancy | $11,020 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $464 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,126 |
| All other expenses | $0 |
| Total functional expenses | $236,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,090 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,090 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $47,090 |
| Total liabilities and net assets/fund balances | $47,090 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Manhattan Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Kansas Rural Communities Foundation Wamego, KS PURPOSE: Holiday Sponsorship | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Downtown Manhattan Inc Manhattan, KS | $47,090 | $233,786 |
Nebraska Press Association Inc Lincoln, NE | $165,491 | $243,856 |
Social Ecological Economic Development Corporation Duncan, OK | $9,980 | $0 |
Wka Inc Kansas City, KS | $7,280 | $0 |
Womens Ceo Global Alliance-A Behavioral Health Leadership Round Evergreen, CO | $0 | $0 |